Friday, February 3, 2012

Technical Analysis Feb 2012: SALCON (8567)


SALCON BERHAD

Observation from Chart:-

3 Feb 2012, SALCON succeed break through RM0.555 level.

Will it break through next resistance RM0.59 ?

Other indicator:-
MACD moving toward positive region, uptrend sign.
Stochastic %K still on BUY call itinerary.

High probably it will retest RM0.59 level.
If the bull strong ennough, it might break through & go higher.
Else, it might retest RM0.555 support level.

Let watch closely.

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